The Everest platform is owned by Harbour Energy, the only large PE-backed firm to make it onto the public markets
UKCS still attracting buyers
Healthy appetite remains despite an evolving oil and gas landscape
It is perhaps a little surprising, with Cop26 and Shell’s decision to put the West of Shetland (WoS) Cambo oil project on hold fresh in our memories, to consider that there remains strong appetite from a select group of buyers to acquire assets on the UK continental shelf (UKCS). Last year saw a flurry of transactional activity, with several large deals announced. Neo Energy, financed by Norwegian private equity (PE) firm Hitec Vision, was particularly active, acquiring assets from ExxonMobil, Japan’s JX Nippon and fellow PE-backed producer Zennor Petroleum. North Sea-focused independents Ithaca Energy, Enquest and Waldorf Production also picked up notable assets. The assumption of maintaine
Also in this section
9 December 2025
The group’s oil production declined in November, our latest analysis finds, amid divided sentiment over market balances and geopolitical jitters
8 December 2025
The Caribbean country’s role in the global oil market is significantly diminished, but disruptions caused by outright conflict would still have implications for US Gulf Coast refineries
5 December 2025
Mistaken assumptions around an oil bull run that never happened are a warning over the talk of a supply glut
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
